7 cents. And as oil futures stick around 100 per barrel, gas prices are above 3 in all major cities. Also, aig plans to cut 3 of its workforce. The insurnace giant mentioned the job reduction while reporting a 4th quarter profit. Ben lichtenstein of traders audio joins us on this friday morning. Ben, we are on an economic downer. This does not bode well im thinking for the gdp. What do you think and whats the markets response likely to be . Well if you take a look at yesterdays activity in reaction to to a weaker than expected retail sales number then i think you would have to assume the best and just assume that again the only way right now appears to be up. I mean we just clearly reject to trade below 1800 we got up above the key area around 1809 and look at yesterdays activity just a screamer to the upside. We started out opening lower, again numbers were not that bullish, if you will, but certainly again we continue to see activity throughout the day. So its my opinion and as ive s
Northbrook trustees approve project, postpone action on another
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Northbrook trustees mull changes to Carriage Homes proposal
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we re going to get check up on the trading floor coming up. and i m glad that you mention the markets, because what a great turnaround in the markets yesterday. the s&p 500 and the dow staging that big come back in commodities. pulling down, we saw a sell-off happening in gold. and oil moving below $71. and beejal, we re hearing that its going to be a much better driving summer for everybody. with those vacations coming up, oil prices are coming down. that s going to translate down to the pump. let s hope so, angie. and speaking of oil. there s another update from bp this week. it s been able to stop some of the oil and gas flow from that broken well in the gulf of mexico. they re diverting some of it through a tube up on to a big ship where it s being collected. and these pictures show that some of the gas that s coming from that broken well is actually being burned out. big spenders are making a comeback. traditionally, as recessions wind down the ultra wealthy are the firs